The company believes Arnett’s demonstrated capabilities will strengthen its corporate governance and legal acumen.
Kogi chairman Ian Burson said: “This appointment of Michael adds to the diversity and strength of the Kogi board and we are delighted to have someone of his calibre join the board.”
Arnett has over 25 years of experience as a lawyer, corporate adviser and director of professional service firms and publicly-listed companies.
He is a former consultant to, as well as member and partner of, the board of directors of the natural resources business unit of the law firm Norton Rose Fulbright.
Arnett’s current directorships of listed companies include: chairman for NRW Holdings Limited (ASX:NWH) (FRA:3NR); and non-executive roles for Archipelago Metals Ltd and Queensland Energy Resources Ltd.
Kogi plans to build an integrated cast steel plant in the neighbourhood of its Agbaja iron ore deposit in south central Nigeria, owned directly through the company’s subsidiary KCM Nigeria.
Nigeria has substantial domestic demand for steel production, which is largely met through imports.
The Agbaja project opens the opportunity for domestic production of steel billets.